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    FOR SALE
    Grocery and convenience stores

    14700 East 9 Mile Rd, Eastpointe, MI 48021

    600 SF 0.29 ac lot Built 1972
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US43-4942236
    Property summary
    AI-generated overview

    This exceptional 1,050 square foot industrial property, situated on a sizable 0.3-acre lot in the heart of Eastpointe, Michigan, presents a unique investment opportunity. The building has recently undergone a complete remodel, offering modern amenities and a fresh aesthetic. Its strategic location ensures high visibility and accessibility, contributing to the current thriving business operation within. The property's strong customer base is a testament to its desirable location and the inherent potential for continued success. The building itself is being sold for $700,000. It's important to note that the fixtures, furniture, and equipment (FF&E) are available for separate purchase at an additional cost of $217,000. This presents a flexible acquisition opportunity for buyers, allowing them to tailor their investment to their specific needs and budget. The property's size and location make it ideal for a variety of retail or industrial uses, offering significant potential for growth and return on investment. This is a rare chance to acquire a well-established, remodeled property in a high-demand area. Serious inquiries are encouraged to explore this promising investment opportunity further. The property is ready for immediate occupancy and offers a turnkey solution for a discerning buyer.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group CONVENIENCE STORE
    Year built 1972
    Total area 600 SF
    Lot 0.29 ac (12,763 SF)
    Zoning code MU2
    APN 02-13-36-227-001
    UPID US43-4942236
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Bee Queen Dairy & Grill Grocery & Convenience Store Specialty Food Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Aj Hometown LLC · 7 yrs held
    Aj Hometown LLC
    since 2018
    5 recorded transactions
    2018
    $71,000
    2016
    2014
    $90,000
    2009
    2005
    $155,000
    Zoning & alternative use
    MU2 · Eastpointe, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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